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Shanghai copper to retest resistance at 47,860 yuan SINGAPORE: Shanghai copper third month is expected to retest a resistance at 47,860 yuan per tonne, driven by a wave c.This is the third wave of a three-wave cycle that developed from the Oct. 17 low of 46,270 yuan, and it may eventually extend to 48,280 yuan, the 100 percent Fibonacci projection level.The immediate resistance is at 47,860 yuan, the 76.4 percent level, which has triggered a moderate correction to the 61.8 percent level at 47,600 yuan. The correction seems to be over.A drop to 47,560 yuan could signal a break below the 47,600 yuan, and the 50 percent level at 47,400 yuan will be targeted then.The views expressed are his own.No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the ...

Palm oil to test resistance at 2,225 ringgit SINGAPORE: Palm oil is expected to test a resistance at 2,225 ringgit per tonne, a break above which will lead to a further gain to 2,253 ringgit. A drop from the Nov. 12 high of 2,286 ringgit could have completed around a support at 2,196 ringgit, the 61.8 percent Fibonacci retracement on the rise from the Oct. 16 low of 2,104 ringgit to the Nov. 3 high 2,345 ringgit. Wave pattern suggests that the drop ...
Gold dips in choppy trade after short-covering rally SINGAPORE: Gold retreated after hitting a two-week high on Monday, tracking moves in the dollar, but the metal managed to hold most of the previous session's short-covering gains.Spot gold had eased 0.2 percent to $1,185.40 an ounce by 0324 GMT, after earlier climbing to a two-week high of $1,193.95. That followed a 2.3 percent jump on Friday that took the metal above a key technical level of $1,180.The dollar swung wildly against the yen on ...
CBOT soybeans may hover above $10.19-3/4 SINGAPORE: CBOT soybeans January contract may hover above a support at $10.19-3/4 per bushel, or rebound towards a resistance at $10.45, as indicated by a Fibonacci retracement analysis.The drop from the Nov. 12 high of $10.86-1/4 seems to be against the uptrend from the Oct. 1 low of $9.12-1/4. The Fibonacci retracement analysis on the trend reveals that the former support at $10.45, the 23.6 percent level, has triggered a rebound.The current support at $10.19-3/4 ...
Iron ore futures steady on China restocking hopes SINGAPORE: Iron ore futures in Singapore and China were steady on Monday, supported by expectations Chinese steel mills would replenish stockpiles of the raw material as they resume operations after being temporarily shut to limit smog during a global summit.Steel mills surrounding capital Beijing have begun restarting operations, traders said, after being ordered to shut as early as Nov. 1 for the Asia-Pacific Economic Cooperation meeting that ended last Tuesday.Iron ore for May delivery on ...
Palm posts dismal weekly gain as crude hits 4-year low; export data eyed JAKARTA: Malaysian palm oil futures slipped for a third day on Friday as crude prices hit four-year lows, causing palm to shave off gains made earlier in the week, with traders cautious ahead of export data due out in the coming week."Weakness in crude oil is adding a technical weakness to the short-term charts," a trader with a local commodities brokerage based in Kuala Lumpur told Reuters.Oil sank to a four-year low below $77 a ...
TOCOM climbs as Nikkei gain, soft yen outweigh weak China data TOKYO: Benchmark Tokyo rubber futures rose for a third day to fresh three-month highs on Thursday as continuous gains in Japanese equities and a soft yen outweighed slightly-weaker-than-expected economic data from China, the world's biggest consumer.The Tokyo Commodity Exchange rubber contract for April delivery finished 1.2 yen higher at 206.0 yen($1.7819) per kg. It climbed to as high as 206.3 yen, the highest since Aug. 7.The contract started with a weak tone, weighed by light ...

 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln